Top Indian Banking Industry News & Updates - 08 Sep 2023,Friday
🗎 RBI / MoF / Govt. Policies
📝 Governance mechanism, customer-centricity can help in fintech ecosystem sustainable growth: RBI official
📝 Mahavir Lunawat elected as Chairman of AIBI
📝 Public tech platform a game changer: RBI Official
📝 Global Fintech Fest 2023: Fintech is cornerstone of an evolved India, says Dr Bhagwat Kishanrao Karad
📝 Need robust management of risk: RBI Deputy Governor M Rajeshwar Rao
📝 Retail CBDC transactions to rise exponentially: RBI Deputy Governor
📝 Build-up of excessive leverage consequence of excessive expansion of credit: RBI Deputy Governor
📝 RBI may extend I-CRR prescription on deposits for a few weeks
📝 RBI resisted govt push for ₹3 lakh crore transfer in 2018 ahead of elections: Viral Acharya
📝 RBI Governor Das asks fintech to focus on customer centricity, self-regulation
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🏦 PSB / Pvt Banks
📝 Stepping down as the Executive Chairman of HDFC at the age of 65 was the most difficult decision: Deepak Parekh
📝 AU Small Finance Bank aims to reach 10 lakh cards-in-force by year-end: MD
📝 Karnataka Bank to focus on collaborations with fintechs: MD
📝 Tax officials to inform banks on expiry of attachment order
📝 ICICI Bank-I-Sec merger faces opposition minority shareholders
📝 Personal loans log record 32% growth after HDFC merger
📝 Indian banks not ready to confront climate change risks, says report
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🏦 Foreign Banks / FIIs / I-Banks
📝 HSBC India launches 'ONDC in a box'
📝 360 One WAM, earlier known as IIFL Wealth & Asset Management, goes global; forms a new team
📝 JPMorgan: India's ‘trailblazing’ rules set to boost ESG market
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🏦 Development Banks
📝 Chinese banks 'far less digital' than Indian lenders, says KV Kamath
📝 Ready to play our part in MDB reforms: ADB President Masatsugu Asakawa
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💳 ATMs / Credit Cards
📝 SBI unveils ‘nation first transit card’
📝 Thomas Cook India & NPCI to launch RuPay Forex Card; start with UAE pilot
📝 UPI ATM unveiled! Your ultimate guide on how to withdraw cash from UPI ATM – details here
📝 Union Bank of India launches Rupay debit cards for Women and HNIs
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🗎 NBFCs / FIs / MFI
📝 Japanese companies are increasingly looking at India as their China+1 partner: Daiwa CEO
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UPIs / Wallet / FinTech
📝 Hello, UPI: Use voice commands to send money, pay bills; know new UPI features and how they work
📝 Razorpay eye international expansion, IPO a 2-3 year horizon: Mathur
📝 FinTechs taking banking to remote areas, says Karad
📝 Airtel Payments Bank to enable face authentication for digital account opening
📝 India's first UPI-enabled cash withdrawals promise convenience, know how it works
📝 NPCI introduces innovative UPI payment options, including voice-enabled payments; know how it works
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🧔 Brokers / Distributors
📝 Some investors may oppose ICICI's bid to delist broking arm
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Crypto
📝 Blanket bans on crypto can be technically demanding to enforce, warns IMF and FSB report
📝 IMF-FSB paper calls for crypto regulation, not ban
📝 Bitcoin holds above $25,700; Tron, Polygon rise up to 2%
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🗠 Mutual Funds / AMCs
📝 After Nikhil Kamath, SBI Mutual Fund to invest Rs 410 crore in Nazara Technologies
📝 Mutual Funds: Zerodha-rival Groww Mutual Fund gets Sebi nod for its first new fund offer. Details here
📝 360 ONE launches global platform for offshore wealth and investment advisory, appoints Vikram Malhotra as co-founder & CEO
📝 Why ICICI Prudential AMC’s Anand Shah shifted focus from consumer to manufacturing stocks
📝 DSP Mutual Fund launches DSP Multi Asset Allocation Fund
📝 Quantum Mutual Fund files draft for small cap fund
📝 DSP Mutual Fund launches DSP Multi Asset Allocation Fund. Five things to know
📝 Nazara Tech raises ₹410 crore from SBI Mutual Fund
📝 MFs move RBI for increase in overseas investment limit
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🗎 Equities, Pvt. Equity / Hedge Funds
📝 PE, VC funds form shadow panels amid rules delay
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🗎 Govt. Securities / Bonds
📝 India bond yield falls on Euroclear settlement talks
📝 SBI plans to raise $750 million via overseas bond issues
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✈ International
📝 Potential UAW strike presents a near-term headwind for auto insurers - JPM
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